NOT LISTED FOR SALE

Estimated Value: $535,471

4 Beds
2 Baths
3,564 Sq Ft
$150/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $590,000 $166 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,870/month

249 Days on Market

About This Home

As of January 2017

Great investment opportunity! 2 UNITS ON SECOND FLOOR. 2 RETAIL UNITS ON THE FIRST FLOOR. ALL UNITS ARE OCCUPIED AND TENANTS WOULD LIKE TO STAY.

Last Agent to Sell the Property

Fernando Palazzo

Intero San Jose, Willow Glen Lincoln Ave License #01919624 Listed on: 03/29/2016

Last Buyer's Agent

Yang Cao

JOIN RE GROUP INC. License #01364034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,953

Year Built

  • 1930

Lot Details

  • 2,309 Sq Ft Lot

Interior Spaces

  • 3,564 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Utilities

  • Separate Meters
  • Individual Gas Meter
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $53,400

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,650
  • Maintenance Expense $2,500
  • Trash Expense $950
  • Operating Expense $13,300
  • Gross Income $53,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,953

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: RU-5
  • Subclass: Multiple Dwellings / Structures
  • Age: 86
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3564
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Living Sq Ft: 3564
  • Stories: 2

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Off-Street Parking

Utilities

  • Sewer/Septic System: Community Sewer / Septic

Schools

  • School District: Oakland Unified

Lot Info

  • Lot Acres: 0.0530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2286.90
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2286.90

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.22
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2650
  • Expense Maintenance: 2500
  • Expenses Total: 13300
  • Expense Trash: 950
  • Income Annual Gross: 53400.00
  • Income Annual Rental: 53400
  • Income Gross Scheduled: 53400
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Trash Removal
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2017
Sold by
Yuen Siu Hoi and Siu Hoi Yuen Trust
Bought by
Li Tran Phat N and Li Shao Xia
Current Estimated Value
$535,471

Purchase Details

Listed on
Mar 29, 2016
Closed on
Dec 6, 2016
Sold by
Reynoso Raul P
Bought by
Yuen Siu Hoi and Siu Hoi Yuen Trust
Seller's Agent
Fernando Palazzo
Intero San Jose, Willow Glen Lincoln Ave
Buyer's Agent
Yang Cao
JOIN RE GROUP INC.
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.15%
Original Mortgage
$144,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2014
Sold by
Salazar Maricruz
Bought by
Reynoso Raul

Purchase Details

Closed on
Jul 29, 2011
Sold by
Reynoso Raul and Salazar Maricruz
Bought by
Reynoso Raul P and Salazar Maricruz

Purchase Details

Closed on
Jun 7, 2010
Sold by
Reynoso Raul and Salazar Maricruz
Bought by
Reynoso Raul and Salazar Maricruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2010
Sold by
Cornejo Rafael
Bought by
Reynoso Raul and Salazar Maricruz

Purchase Details

Closed on
Jul 7, 1997
Sold by
Cornejo Rosa M
Bought by
Cornejo Rafael
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li Tran Phat N $450,000 Chicago Title Company
Yuen Siu Hoi $590,000 Chicago Title Company
Reynoso Raul -- Chicago Title Company
Reynoso Raul P -- None Available
Reynoso Raul P -- None Available
Reynoso Raul -- Old Republic Title Company
Reynoso Raul $400,000 None Available
Cornejo Rafael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yuen Siu Hoi $144,000
Previous Owner Reynoso Raul $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $590,000 -1.5% $166 / Sq Ft
12/04/2016 12/04/16 Pending -- -- --
11/10/2016 11/10/16 For Sale $599,000 +1.5% $168 / Sq Ft
11/02/2016 11/02/16 Off Market $590,000 -- --
09/21/2016 09/21/16 For Sale $599,000 0.0% $168 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/21/2016 07/21/16 Price Changed $599,000 -7.8% $168 / Sq Ft
07/11/2016 07/11/16 For Sale $649,888 0.0% $182 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $649,888 -- $182 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,953 $686,307 $170,671 $515,636
2023 $11,470 $673,145 $167,325 $505,820
2022 $10,929 $645,241 $164,044 $481,197
2021 $13,048 $632,591 $160,828 $471,763
2020 $10,466 $626,108 $159,180 $466,928
2019 $10,016 $613,836 $156,060 $457,776
2018 $9,803 $601,800 $153,000 $448,800
2017 $7,491 $444,871 $66,730 $378,141
2016 $7,225 $436,151 $65,422 $370,729
2015 $7,176 $429,603 $64,440 $365,163
2014 $7,275 $421,191 $63,178 $358,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81577546

MLSListings

APN: 032-2086-015-00